Elliott Wave Fibonacci Indicator
Elliott Wave Fibonacci Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Fibonacci retracement or extension levels and wave counting in the Elliott style. Its source code uses moving averages. It can send alerts. It has 13 settings, for example short Period (default 5), long Period (default 35) and Price (default PRICE_MEDIAN). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Elliott Wave Fibonacci Indicator
Elliott Wave Fibonacci Indicator is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 13 settings, such as Short period, Long period and Price. MQL source code included.
Files in the download: Elliott Fibonacci Indicator.txt, Elliot oscillator - waves 1.04.mq4, elliot-fibonacci-indicateur.ex4, Elliot oscillator - waves 1.04.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Short period | 5 | Short period |
| Long period | 35 | Long period |
| Price | PRICE_MEDIAN | Price (original should be median) |
| Ma method | MODE_SMA | Average method to use (original should be SMA) |
| Lines identifier | elliotWaveLines | Unique ID for the indicator |
| Lines color | clrBlack | Zigzag lines color |
| Lines style | STYLE_DOT | Zigzag lines style |
| Alerts on | false | Turn alerts on? |
| Alerts on current | true | Alerts on still opened bar? |
| Alerts message | true | Alerts should display a message? |
| Alerts sound | false | Alerts should play alert sound? |
| Alerts email | false | Alerts should send email? |
| Alerts push | false | Alerts should send notification? |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Fibonacci · Elliott Wave · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code